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201201988
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3/16/2012 9:14:55 AM
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3/16/2012 9:14:55 AM
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201201988
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2012019�8 <br />(C) "Lender"isHome Federal Savings and Loan Assn of Grand Island <br />Lender is a Savi ngs and Loan <br />organized and existing under the laws of T h e S t a t e o f N e b r a s k a <br />Lender's address is 221 South Locust St Grand I sl and NE 68801- <br />Lender is the beneficiary under this Security Instrument. <br />(D) "Trustee" is Arend R Baack, Attorney <br />( E) " Note" means the promissory note signed by Borrower and dated M a r c h 0 9, 2 012 . The Note <br />states that Bonower owes Lender NINETY ONE THOUSAND AND OO/100 <br />Dollars (U. S. $ 91. 0 0 0. 0 0 ) plus interest. Bonower has promised to pay this debt in regular <br />Periodic Payments and to pay the debt in full not later than A p r i 1 1, 2 0 2 7 . <br />(F� "Property" means the property that is described below under the heading "Transfer of Rights in the <br />ProPerh'. » <br />(G) "Loan" means the debt evidenced by the Note, plus interest, any prepayment charges and late charges due <br />under the Note, and all sums due under this Security Instrwnent, plus interest. <br />(H) "Ri�ers" means all Riders to this S�ecurity Instrument that are executed by Borrower. The following Riders <br />are to be executed by Borrower [check box as applicablel: <br />0 Adjustable Rate Rider 0 Condominium Ri�er � Second Home Rider <br />Q�atloon Ric�er � Planned Unit Develapment Ricier � 1-4 FamiIy Rider <br />� VA Ricter � Biweekly Payment Rider 0 Othez(s) [s�cifYl <br />(I) "Applicable Law" means all controlling applicable federal, state and local statutes, regulations, ordinances <br />and administrarive rules and orders (that have the effect of law) as well as a11 applicable final, non-appealable <br />judieiai opinions. <br />(J1 "Community Association Dues, Fees, and Assessments" means all dues, fces, assessments and other <br />charges that aze imgosed on Bonower or the Property by a condominium ass�iation, homeowners <br />association or similar organization. <br />(K) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by check, <br />draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic instrument, <br />computer, or magneric tape so as to order, instruct, or authorize a financial insritution to debit or credit an <br />account. Such term includes, but is not limited to, point-of-sale ixansfers, automated teller macYune <br />transactions, transfers iniriated by telephone, wire transfers, and automated clearinghouse transfers. <br />(L) "Escrow Items" means those items that aze described in Section 3. <br />(M) "Miscellaneous Proceeds" means any compensation, settlement, awazd of damages, or proc,eeds paid by <br />any third pazty (other than insurance proc.eeds paid under the coverages described in Secrion 5) for: (i) <br />damage to, or destrucrion of, the Property; (ii) condemnation or other taking of all or any part of the <br />Property; (iii) conveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the <br />value and/or condition of the Property. <br />NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/Ot <br />VMP p VMP6�NE) (1705) <br />Wolters Kluwer Flnancial Services Page 2 of 17 <br />
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